Apple, Microsoft, Amazon, alphabet, Facebook, Tesla and NVIDIA, the seven most valuable technology companies in the United States, have increased their market value by a total of $3.4 trillion in 2020. The global new coronavirus pandemic and the widespread economic crisis seem to have little impact on the revenue of these companies.
Tesla's crazy rebound is the biggest surprise of the year.
Tesla's share price has risen nearly nine times this year, with its market value rising from $76 billion at the beginning of the year to $669 billion at the end of the day on Thursday. Despite initial plant closures due to the outbreak, Tesla rebounded in the third quarter, delivering a record number of vehicles.
This month, Tesla became the largest constituent stock in the S & P 500 index's history, ranking fifth among all companies covered by the S & P 500 index after making profits for five consecutive quarters.
Meanwhile, the market value of chip maker NVIDIA has doubled. On the last trading day of 2020, NVIDIA closed with a market value of US $323 billion, becoming the seventh most valuable technology company in the United States. NVIDIA's game device graphics processor is always sold out as soon as it comes into the market, always in short supply.
NVIDIA's chips are getting more and more attention. In September, NVIDIA agreed to buy arm holdings, a mobile chip maker, from Softbank for $40 billion, the second largest deal announced by US technology companies this year.